'Britons are 30 days from financial crisis'

clock

One in 10 working Britons fear their jobs are in imminent danger but over a third have little or no savings to tide them through emergencies, according to Prudential.

Prudential’s research into people’s attitudes to employment and financial planning suggests 2.9 million working Brits – or one in every 10 – fear their jobs are in imminent danger and are concerned for their future. Despite this, over a third of the UK population say they have little or no savings to tide them through should they lose their job or become unable to work. Nearly a fifth of Britain’s workforce was signed off last year with a long-term illness, and Prudential points out while some companies may continue to pay a salary for a limited period others may not. Job security is ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

The return of redundancy cover – and why it's important

The return of redundancy cover – and why it's important

Standalone unemployment insurance is making a comeback

Kesh Thukaram
clock 02 April 2025 • 3 min read
PDG responds to FCA Pure Protection Market Study update

PDG responds to FCA Pure Protection Market Study update

Expanded terms of reference

Cameron Roberts
clock 31 March 2025 • 2 min read
FCA: Protection commission ban is potential 'extreme' market study outcome

FCA: Protection commission ban is potential 'extreme' market study outcome

FCA: 'We're going into this with an open mind'

Jaskeet Briah
clock 28 March 2025 • 3 min read